Its not a good argument simply because whenever someone is controlling an object, doesn't matter if it is a ball or a car, they are responsible for what happens with it. In your example of a street basketball game, legally, the person who lost control of the ball or ran out of control into you would be at fault.
This is how lawyers create multi million dollar law suits out of stuff that the rest of us consider nothing events. They argue the fault and the danger and the lack of control and everything else against the person that threw the ball.
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